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Gazprom OAO to Return $1.5 Billion in Retroactive Payments to RWE AG's RWE Supply & Trading CZ-Interfax

Wednesday, 18 Sep 2013 06:15am EDT 

Interfax reported that arbitration has ruled that Gazprom OAO (Gazprom) is due to refund $1.5 billion in retroactive payments to RWE AG's (RWE) RWE Supply & Trading CZ, Gazprom said in a Eurobond memorandum. This is the first time Gazprom has officially unveiled the amount of retroactive payments, which related to prices for gas supplies dating back to May 2010. Gazprom said it had provisioned 113 billion ($3.5 billion) for possible payments to RWE. 

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3 Jul 2015